Local Market Update – October 2016
LOCAL MARKET UPDATE
October 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2016
CBHomes.com
Glenview
Glenview
+ 11.2% - 4.1% - 6.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
Detached
Detached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
10-2015 10-2016 + / – 10-2015 10-2016 + / –
63 85 + 34.9% 1,057 1,186 + 12.2%
31 49 + 58.1% 475 581 + 22.3%
38 45 + 18.4% 490 545 + 11.2%
$503,500 $575,000 + 14.2% $545,500 $532,500 - 2.4%
$611,022 $686,611 + 12.4% $652,391 $620,770 - 4.8%
91.8% 92.6% + 0.9% 93.9% 94.0% + 0.1%
82 97 + 18.3% 87 96 + 10.3%
278 285 + 2.5% -- -- --
October
Attached
Attached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
10-2015 10-2016 + / – 10-2015 10-2016 + / –
35 24 - 31.4% 520 459 - 11.7%
20 22 + 10.0% 322 318 - 1.2%
35 25 - 28.6% 328 306 - 6.7%
$219,000 $160,000 - 26.9% $260,000 $260,750 + 0.3%
$278,507 $262,424 - 5.8% $299,648 $304,005 + 1.5%
94.0% 92.7% - 1.4% 94.9% 94.1% - 0.8%
73 84 + 15.1% 55 69 + 25.5%
108 77 - 28.7% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
Single-Family
Detached
All MLS
Glenview
b
Single-Family
Attached Single-Family
a
+ 40% + 100%
+ 30% + 80%
+ 20%
All MLS
Glenview
b
a
+ 60%
+ 10%
+ 40%
0%
+ 20%
- 10%
0%
- 20%
- 30% - 20%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 - 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are
proportioned according to their share of sales during that period. | All data from Midwest Real Estate Data LLC. Powered by ShowingTime 10K.